BUSINESS LIMITS Clause Samples

The BUSINESS LIMITS clause sets specific boundaries or caps on certain business activities, transactions, or exposures within a contract. Typically, this clause may define maximum financial limits, restrict the scope of services, or set thresholds for liability or performance obligations. For example, it might limit the total value of goods delivered, the amount of credit extended, or the maximum liability a party can incur. Its core practical function is to manage and control risk by ensuring that neither party exceeds agreed-upon limits, thereby providing predictability and protecting both parties from unforeseen or excessive obligations.
BUSINESS LIMITS. The PERMITEE shall not engage in any other business within the fairgrounds except that listed on application and agrees to confine all transactions to the reserved space. The PERMITEE shall not place fliers, poster; etc. within the fairgrounds outside of confines of PERMITEES designated booth space. NO CAMPAIGNING OR SOLICITATION OUTSIDE OF DESIGNATED BOOTH SPACE.
View SourceView Similar (10)
BUSINESS LIMITS. The USER shall not engage in any other business within the Commercial Kitchen except that listed on application and agrees to confine all transactions and activities to the permitted space. USER agrees not to interfere with any other event taking place on the premises. If this occurs the proper authority will be notified and WBLD has the right to shut down USER’S event at that time and USER will forfeit all deposits paid. License, Permits, Fees & Taxes: All licenses, permits, fees and/or taxes related to the performance or event are the sole responsibility of the USER. Laws: All USERS, food and beverages must comply with Idaho food and food safety laws.
View Source

Related to BUSINESS LIMITS

  • Loss Limitation Losses allocated pursuant to Section 3.2 of this Agreement shall not exceed the maximum amount of Losses that can be allocated without causing any Unit Holder to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. In the event some but not all of the Unit Holders would have Adjusted Capital Account Deficits as a consequence of an allocation of Losses pursuant to Section 3.2 of this Agreement, the limitation set forth in this Section 3.5 shall be applied on a Unit Holder by Unit Holder basis and Losses not allocable to any Unit Holder as a result of such limitation shall be allocated to the other Unit Holders in accordance with the positive balances in such Unit Holder’s Capital Accounts so as to allocate the maximum permissible Losses to each Unit Holder under Section 1.704-1(b)(2)(ii)(d) of the Regulations.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence